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Updated 10 months ago on . Most recent reply

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Buying land or a garage?

Posted

So I bought a house in upstate new york that has an in law suite near saratoga. I am wondering if i am losing out on money by renting long term?

second question I saw there is 20 acres of land across the street for sale and was wondering if I should grab it and subdivide a few acres and sell or rent out to get my money back?

the other option i have is build a 3 car garage and out a one bedroom apartment on top that ill rent for about $1500 a month.

The garage price would be about 100k to fo but could make 18k a year.

The land is $130k

What do you all think is the better strategy?

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